Altcoin built on Ethereum explodes into the stratosphere with a 425% rally as two crypto exchanges boost adoption
A decentralized exchange (DEX) that offers cross-chain swaps is skyrocketing after its native token received the green light from a pair of cryptocurrency markets.
TitanSwap (TITAN) first dropped a index via Twitter on March 31 that an exchange listing was imminent as TITAN was trading at around $1.25.
The altcoin then steadily hit a price around $2.00 until yesterday, when two major announcements suddenly sent the DEX soaring to highs it hadn’t seen since September 2021.
First, Seychelles-based cryptocurrency exchange KuCoin has announced that it is making TITAN available in a Tether (USDT) trading pair.
🔹Depot: now open (network: ERC20)
🔹Trading: 10:00 a.m. on April 6, 2022 (UTC)
— KUCOIN (@kucoincom) April 5, 2022
Then, the South Korean digital asset market Bithumb also announcement it would add TITAN to its list of crypto assets, opening trade with Bitcoin and Korean Won pairs.
A week-long rally saw TitanSwap surge 425.6% from a low of $1.21 to a high of $6.36 when news of the listings surfaced.
According to the project website, TitanSwap offers Automated Market Maker (AMM), Automated Liquidity Mining, and Decentralized Autonomous Organization (DAO). The DEX was built on the Ethereum (ETH) network and TITAN offers voting rights to holders as well as rewards to liquidity providers.
The TitanSwap White Paper strong points many of the unique features of the crypto project, including its adaptive bond curve.
“TITAN’s adaptive bond curve combines greater liquidity and better price discovery for different asset classes.
Layer 2 support leverages the Layer 2 protocol to greatly increase the efficiency of on-chain clearing and settlement and effectively reduce gas consumption before ETH 2.0.
TITAN has since corrected but still remains up 95.43% on the day, trading at $4.50 at the time of writing.
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